Town of Westerlo Volunteer Fire Company Inc (EIN 311592629) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1938

Legal Domicile

Principal Officer

Adam Alvarez

Phone

5189364417

Tax Period

2025-01-01 to 2025-12-31

Town of Westerlo Volunteer Fire Company Inc, founded in 1938, is a small nonprofit in the Public Safety sector that reported $319K in total revenue in fiscal year 2025. Net assets of $1.3M represent 49 months of operating reserves.

Mission

The Town of Westerlo Volunteer Fire Company, Inc., is organized to preserve and protect lives and prevent damage to the real and personal property from and during fires and other emergencies as may occur in the Town of Westerlo Fire District and vicinity.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $291,775

Program Service Revenue $0

Investment Income $672

Other Revenue $26,996

TOTAL REVENUE $319,443

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $335,506

Other Expenses $341,306

TOTAL EXPENSES $341,306

Year-over-Year Comparison

	2025	2024	Change
Revenue	$319,443	$306,539	+0.0%
Expenses	$341,306	$293,517	+0.2%
Net Income	$-21,863	$13,022	-2.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Wesley Stephens	Director	1.00	Director	$0	$0	$0
Conrad May	Director	1.00	Director	$0	$0	$0
Liam Oconnor	Director	1.00	Director	$0	$0	$0
Eric Dutton	Director	1.00	Director	$0	$0	$0
Billy Boomhower	Director	1.00	Director	$0	$0	$0
Jim Brush	Director	1.00	Director	$0	$0	$0
Adam Alvarez	President	15.00	Officer	$0	$0	$0
Nick Defrancesco	Vice President	2.00	Officer	$0	$0	$0
Shari Ragone	Secretary	2.00	Officer	$0	$0	$0
Barbara Brandon	Treasurer	10.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$319,443	$341,306	$1,531,604	$-21,863
2024	$306,539	$293,517	$1,392,897	$13,022
2023	$286,376	$339,790	$1,439,840	$-53,414
2022	$306,963	$214,279	$1,547,608	$92,684
2021	$308,175	$234,453	$1,329,083	$73,722
2020	$283,364	$299,978	$1,309,355	$-16,614
2019	$290,018	$312,881	$1,380,116	$-22,863
2018	$339,888	$397,353	$1,457,146	$-57,465

Town of Westerlo Volunteer Fire Company Inc